Anindya Ardiansari
Fakultas Ekonomi, Universitas Negeri Semarang

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DETERMINANT OF FIRM VALUE IN PROPERTY, REAL ESTATE AND CONSTRUCTION SECTOR 2015-2017 Sari, Ririn Amelia; Ardiansari, Anindya
Management Analysis Journal Vol 8 No 3 (2019): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v9i3.33914

Abstract

This study aims to find empirical evidence of the effect of capital structure, institutional ownership and financial performance on firm value. The population in this study are service companies in the property, real estate and building construction sectors listed on the Indonesia Stock Exchange in 2015-2017. The total population of this study was 79 companies. After using a purposive sampling technique, the number of samples became 58 companies. Firm value is proxy with Price to Book Value (PBV), capital structure is proxy with Debt to Equity Ratio (DER), institutional ownership is proxy with the percentage of institutional shares, and financial performance with Return on Equity (ROE) and Return on Assets (ROA). Data sources are from the Indonesia Stock Exchange (IDX) and the Indonesian Capital Market Directory (ICMD). Data processing using Eviews 9. The analysis technique used in this study is panel data regression. The results of this research show that financial performance with ROE proxy has a significant positive effect on firm value while capital structure, institutional ownership, and ROA do not affect on firm value in the Property, Real Estate, and Building Construction sectors listed on the Indonesia Stock Exchange in 2015-2017.
IBM.KELOMPOK INDUSTRI SERBUK INSTAN JAMU DAN MINUMAN KESEHATAN DI UNGARAN, KABUPATEN SEMARANG Handayani, Dwi; Ikhsan, Diyono; Murni, Murni; Ardiansari, Anindya
METANA Vol 10, No 02 (2014): Desember 2014
Publisher : Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1022.378 KB) | DOI: 10.14710/metana.v10i02.11046

Abstract

Abstract UMKM" TigaDara " which is located at Jl . UripSumoharjo 45 and UMKM " Berliana " address at 7 Kuncen New jl.ApelUnggaran - Kab.Semarang an economically productive UMKM as micro businesses , with a production of herbs or a health drink in the form of instant powder and liquid beverages . Early in its development , the effort focuses on the various processing plants living pharmacies ( empon - empon ) are made ??into a variety of herbs and health beverages in an instant form , for example : instant ginger , white turmeric , saffron , turmeric, tamarind , Mahkotadewa , etc. . During this production process  been conventional and instant powders produced by high sugar levels that can not be consumed by diabetics . Given that in order to produce sugar -free powder that requires technology and modern processing equipment , namely the granulation process , it is necessary to support the introduction of technology and the granulation equipment . While UD Berliana now more concentrated on liquid products requiring wringer empon - empon that can operate mechanically with greater capacity and semi-continuous operation . Given that during the management system implemented is still a family management , then with the development of business and the broader marketing outreach is necessary to improve management and use of the Web to expand their marketing reach . With the help of technology , equipment and granulation managemen as wringer and structuring the results of this activity can be rapidly growing SMEs . This is evident from the production capacity that was originally only 50 kg per day to 200 kg per day , followed by an increase in network marketing , and sales revenue . Keyword :Teknology, granulation, wringer, Web. Abstrak UMKM ?Tiga Dara? yang beralamat di jl. Urip Sumoharjo 45 dan UMKM ?Berliana? yang beralamat di jl.Apel No.7 Kuncen Baru Ungaran-Kab.Semarang merupakan UMKM  yang produktif secara ekonomis sebagai usaha mikro, dengan produksi berupa jamu atau minuman kesehatan dalam bentuk serbuk instan dan minuman cair. Selama ini proses pengolaahan dilakukan secara konvensional dan dihasilkan serbuk instan dengan kadar gula yang tinggi sehingga tidak bisa dikonsumsi oleh penderita diabetes. Mengingat bahwa untuk dapat memproduksi serbuk yang bebas gula memerlukan teknologi dan peralatan proses yang modern, yaitu dengan proses granulasi, maka perlu adanya bantuan pengenalan teknologi dan peralatan granulasi tersebut. Sedangkan UD Berliana sekarang ini lebih mengkonsentrasikan pada produk cair sehingga membutuhkan alat pemeras empon-empon yang dapat beroperasi secara mekanik dengan kapasitas yang lebih besar dan beroperasi secara semi kontinyu. Disamping itu, mengingat bahwa  selama ini sistem manajemen yang diterapkan masih merupakan manajemen keluarga, maka dengan semakin berkembangnya usaha dan semakin luasnya pemasaran diperlukan adanya penyuluhan perbaikan manajemen dan penggunaan Web untuk memperluas jangkauan pemasarannya. Dengan adanya bantuan teknologi, peralatan dan penataan manajemennya maka UMKM tersebut dapat berkembang pesat. Hal ini terlihat dari kapasitas produksi yang pada awalnya hanya 50 kg per hari menjadi 200 kg per hari yang diikuti dengan peningkatan jaringan pemasaran dan omset penjualannya. 8Kata kunci : Teknologi, granulator, pemeras, Web.
The Influence of Institutional Ownership, Profitability, Liquidity, Dividend Policy, Debt Policy on Firm Value Sukmawardini, Dewi; Ardiansari, Anindya
Management Analysis Journal Vol 7 No 2 (2018): Management Analysis Journal
Publisher : Management Analysis Journal

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v7i2.24878

Abstract

The purpose of this study is to determine whether institutional ownership, Return on Assets (ROA), Return on Equity (ROE), current ratio (CR), dividend payout ratio (DPR), and debt to equity ratio (DER) affects the firm value. The population is manufacturing companies which is listed in Indonesia Stock Exchange period 2012-2016. The sample in this study is 14 companies with purposive sampling method. Firm value is proxied by Price to Book Value (PBV), profitability is proxied by Return on Assets  (ROA) and Return on Equity  (ROE), liquidity is proxied by Current ratio (CR), dividend policy is proxied by Dividend Payout Ratio (DPR), and debt policy is proxied by Debt to equity ratio (DER). Methods of data analysis using descriptive statistical analysis and multiple regression analysis by using a eviews 9 program. The result show that th institutional ownership, ROA, and DPR have no effect on firm value, ROE have positive effect on firm value, CR and DER have negative effect on firm value.
PENERAPAN GREEN MARKETING PADA UKM KABUPATEN SEMARANG Ardiansari, Anindya; Hapsoro, Bayu Bagas; Cahyaningdyah, Dwi
Jurnal Dinamika Manajemen (Journal of Management Dynamics) Proceeding Madic 2015
Publisher : Department of Management, Faculty of Economics, Semarang State University, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v0i0.4791

Abstract

CAPITAL MARKET’S REACTION TOWARDS 2014 WORKING CABINET ANNOUNCEMENT (INDONESIAN CASE STUDY) Ardiansari, Anindya; Saputra, Arif
Jurnal Dinamika Manajemen Vol 6, No 1 (2015): March 2015 (DOAJ Indexed)
Publisher : Department of Management, Faculty of Economics, Semarang State University, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v6i1.4297

Abstract

The purpose of this study is to examine the market reaction regarding the announcement  of working cabinet following the election of Jokowi as the President of Indonesia. Political events such as presidential election, government change, cabinet announcement, and other events are very influential towards price and trade volume at the stock exchange since the political events are closely related to the state economy stability.  The Sample in this study is stock which was listed as issuers in Indonesia Stock Exchange (IDX) which included in LQ45 company group during this research period from 20 October– 3 November 2014. The result shows that there was significant effect towards abnormal return difference before and after the cabinet announcement on the companies listed in LQ 45. The existence of this significant difference means that market reacted with the cabinet announcement event.
ANALISIS KEBANGKRUTAN MENGGUNAKAN RASIO ALTMAN Z-SCORE Nuurillah, Nisaa’; Ardiansari, Anindya
Management Analysis Journal Vol 4 No 2 (2015): Management Analysis Journal
Publisher : Management Analysis Journal

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v4i2.7790

Abstract

This research purposed in order to find out bankruptcy indication of listed in LQ-45 index and delisted companies in Indonesian Stock Exchange using Altman Z-Score. Research population are all listed and delisiting companies in Indonesian Stock Exchange, sample was chosen based on purposive sampling criteria. Among 23 sample companies in LQ45, there are 3 companies predicted as grey area in three years and there is a company predicted as grey area in one year and then predicted on bankrupt condition in the next two years. There are one company which predicted as bankrupt condition in three years. From 10 sample companies which was delisted from IDX, there is one company which predicted as healthy condition in two years, then predicted as bankrupt in the next year. There is a company which was predicted as grey area in one year. This case can be proven that Altman Z-Score ratio has high accuracy in bankruptcy prediction
PENGARUH CUSTOMER EXPERIENCE DAN CUSTOMER VALUE TERHADAP CUSTOMER LOYALTY MELALUI CUSTOMER SATISFACTION Hijjah, Risalatin; Ardiansari, Anindya
Management Analysis Journal Vol 4 No 4 (2015): Management Analysis Journal
Publisher : Management Analysis Journal

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v4i4.8880

Abstract

The aims of this research are to analyze the direct and indirect influence of the customer experience, customer value and customer satisfaction on the customer loyalty at The Fountain Water Park & Resto. The sample size consist of 116 respondents with purposive judgement sampling through likert scale questionnaire. Percentage descriptive, multiple linier regression and path analysis were employed to analyze data. Significant results of this research indicate customer experience and customer value influence customer loyalty through customer satisfaction so can be concluded that mediation circuit occurs in this study. The conclusion of this research are proved that customer experience, customer value and customer satisfaction as the mediation influence by direct and indirect on the customer loyalty.
The Effect of Agency Conflict, Dividend Policy and Growth Opportunity as moderating variabel on Firm Value erfiana, deka; Ardiansari, Anindya
Management Analysis Journal Vol 5 No 3 (2016): Managemant Analysis Journal
Publisher : Management Analysis Journal

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v5i3.11531

Abstract

This study aims to investigate the effect of agency conflict on dividend policy (Dividend Payout Ratio), dividend policy and growth opportunity on firm value, and analyzing growth opportunity moderate the effect of dividend policy on firm value. The population are 72 manufacturing companies which is listed on Indonesia Stock Exchange (IDX) from 2012 until 2014. The sample are 24 companies using purposive sampling technique. The analysis method  in this study is a simple regression analysis and multiple regression analysis and Moderated Regression Analysis (MRA) to examine the effect of moderating variable. Firm value variable is proxied by Price Book Value (PBV), Agency conflict variable is proxied by Total Asset  Turnover (TAT), dividend policy variable is  proxied by Dividend Payout Ratio (DPR), and growth opportunity is proxied by the precentage of changes in total assets.The result show that agency conflict has positive significant effect on dividend policy, dividend policy has positive significant effect on firm value, growth opportunity has no significant effect on firm value, and growth opportunity as moderating variable can effect the relationship of dividend policy and firm value.
PENGARUH FAKTOR EKONOMI MAKRO DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN Agustina, Cahyati; Ardiansari, Anindya
Management Analysis Journal Vol 4 No 1 (2015): Management Analysis Journal
Publisher : Management Analysis Journal

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v4i1.7203

Abstract

The aim of this research is to know the effect of macroeconomics factors and financial performance on corporate value of the manufacturing companies in Indonesia Stock Exchange on 2010-2012. Population in this research is manufacturing companies listed on Indonesia Stock Exchange in the period from 2010 until 2012. Number of sample that used in this research is 52 samples with purposive sampling method. Corporate value variable is proxied by Price Earning Ratio (PER), macroeconomics factors variable is proxied by inflation and exchanges rate, financial performance variable is proxied by Return on Equity (ROE) and Debt to Equity Ratio (DER). The analytical tool used is multiple regression analysis, using software SPSS 16.0. Based on the results of the study, it can be concluded that only DER has significant effect on corporate value of manufacturing companies in IDX on 2010-2012.
Capital Markets Reaction towards 2014 Working Cabinet Announcement (Indonesian Case Study) Ardiansari, Anindya; Saputra, Arif
Jurnal Dinamika Manajemen Vol 6, No 1 (2015): March 2015 (DOAJ Indexed)
Publisher : Department of Management, Faculty of Economics, Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v6i1.4297

Abstract

The purpose of this study is to examine the market reaction regarding the announcement of working cabinet following the election of Jokowi as the President of Indonesia. Political events such as presidential election, government change, cabinet announcement, and other events are very influential towards price and trade volume at the stock exchange since the political events are closely related to the state economy stability. The Sample in this study is stock which was listed as issuers in Indonesia Stock Exchange (IDX) which included in LQ45 company group during this research period from 20 October 3 November 2014. The result shows that there was significant effect towards abnormal return difference before and after the cabinet announcement on the companies listed in LQ 45. The existence of this significant difference means that market reacted with the cabinet announcement event.